Insurance aggregator One80 Intermediaries (One80) has acquired New York-based managing general underwriter Edward E. Hall and Company (EE Hall) for an undisclosed sum.
Established in 1866, EE Hall is a family run business specialising in property and casualty products that are designed for the retail vehicle industry.
It particularly designs, underwrites and distributes programmes to auto, truck, motorcycle and recreational vehicle dealers, repair shops as well as vehicle rental companies.
One80 Intermediaries president Matthew F. Power said: “One80 continues to invest in highly specialised, well-run businesses that represent targeted market segments in which we see the greatest potential.
“For over 20 years EE Hall has been the market leader for retail vehicle insurance risks. Their products and expertise will complement many of One80’s existing capabilities, and I am confident the team at EE Hall will be excellent partners going forward.”
One80 Intermediaries managing director Michael Heagerty said: “At EE Hall we are committed to staying at the forefront of innovation; constantly exploring insurance programmes that are ahead of the curve, and that will help our customers meet the needs of their insureds for years to come.”
Headquartered in Boston, One80 Intermediaries provides brokerage insurance solutions with offices in more than 30 locations in the US and Canada.
Last month, the company acquired Commercial Insurance Group (CIG), a wholesale broker and Managing General Agent (MGA).